Foreign Trust (3520A) – U.S Agent & Confidentiality | IRS Trust Reporting by Golding & Golding Foreign Trust (3520A) – U.S Agent & Confidentiality | IRS Trust Reporting Form 3520-A Form 3520-A is an Annual Information Return of Foreign Trust With a U.S. Owner. We represent numerous clients worldwide who have offshore trusts or foreign trusts. Typically, these clients may have a foreign trust in a country such as New Zealand, A Sociedad Anonima for Estate Planning purposes in Costa Rica, and/or a Foundation in a country such as Panama (while a Panamanian foundation is not per se a foreign trust under US tax law, most US persons who have Panamanian foundations prefer to file a form 3520/3520-A instead of a 5471 the potential tax benefits). While one of the main benefits of having a foreign trust is the idea of anonymity and confidentiality (either real or perceived), that confidentiality or anonymity can be easily destroyed in situations in which…